Are you looking for ways to become a registered tax agent? If yes, then you must go through the requirements. A registered tax agent has in-depth knowledge regarding tax matters. They are skilled, qualified, and responsible for following a strict code of conduct. In Australia, a tax agent needs to be registered with the Tax Practitioners Board so they can offer paid tax services to its clients. To become a registered tax agent, you need to complete courses that improve your skills to fulfil the educational qualifications.

What Does a Tax Agent Do?

A professional tax agent is responsible for handling tax matters. They understand and comply with the tax laws announced by the government to provide the right tax advice to their clients. They look at all the client’s tax affairs and ensure that their clients pay the correct tax amount on time. In addition to this, they also keep themselves up-to-date with the latest government concessions and schemes.

Requirements to Become a Registered Tax Agent

In Australia, tax agents are required to be registered with the Tax Practitioners Board. To become a registered tax accountant, individuals need to meet certain qualifications and experience requirements, which are discussed below. However, there are also other criteria that must be met, including

  • 18 years of age at the time of application,
  • being a person of integrity with a good reputation and character
  • having no serious tax or fraud/dishonesty offences,
  • having no current bankruptcies, and
  • having appropriate professional indemnity insurance
  • supporting documents such as proper ID, academic transcripts, and relevant experience statements are also required.

The application process can be done online as long as all necessary documentation is provided. Once the application fee is paid and all documents are submitted, the process is generally completed within 30 days. Afterwards, individuals must access the ATO’s online services for agents, and they are then ready to start working as registered tax agents.

How Much Does An Accountant Cost for Tax Return?

The cost of a tax accountant may vary from one accountant to another. Various accounting firms are in Australia and every firm will charge differently. According to estimation, the cost may range from $100 to $250 for standard returns. However, this cost may vary. Tax accounting and preparation is crucial for businesses and individuals to comply with tax laws and report their financial activities. If you need help preparing and lodging tax returns, you can seek help from professional tax accountants. The demand for tax accountants is high during the end of the financial year, especially if you want to get a high tax refund. However, they are helpful if you choose a professional and registered tax agent for your business.

Can a Tax Agent Apply for a TFN for an Individual?

If a client is an individual, the tax agent can assist the client in applying for his or her TFN, however, the client can only complete and apply for his or her TFN if the client is neither disabled or under the age of 18.

When You Need a Tax Accountant?

You may need to seek help from a professional tax accountant if the financial condition of your company has become complex. If you have started a business, obtained several properties, or received significant investment income, then you must consult a tax accountant. Most importantly, tax accountants can help you in navigating the complexities of tax laws and using available credits and deductions.

You should hire an experienced tax accountant in Melbourne if you don’t have enough time to manage your taxes. Additionally, if you are a business owner, a tax accountant can guide you on business tax planning, sales, tax, payroll taxes, and other specific obligations, to ensure compliance with tax laws announced by the government. Make sure to choose a reliable tax accountant and check their qualifications and experience.


Now, you know the requirements for becoming a registered tax agent along with the estimated cost of a tax accountant for tax returns. Moreover, if you are looking for professional and Reliable Melbourne Accountants, then you can reach us as we offer reliable accounting services for businesses and individuals.

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